Truist lowered the firm’s price target on Crispr Therapeutics (CRSP) to $120 from $160 and keeps a Buy rating on the shares. Based on the recent comments from Vertex Pharmaceuticals (VRTX), the firm is reducing its CASGEVY uptake assumptions, the analyst tells investors in a research note. Despite activation of three additional treatment centers for total of 12 in the U.S., first patient dosing has not commenced yet with first patient dosing expected to start in “weeks”, the firm added.
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Read More on CRSP:
- Cathie Wood’s ARK Investment bought 167K shares of Crispr Therapeutics today
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- Crispr Therapeutics call volume above normal and directionally bullish
- Baird finds ‘incremental negative’ in Crispr’s 2024 outlook
